Just got my US citizenship!

New RXDe10
Sep 18 44 Comments

Don’t lose hope Blind! After 15 years in the country, multiple H1Bs and green card, I just got naturalized!

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TOP 44 Comments
  • This comment was deleted by original commenter.

    • New RXDe10
      OP
      I can keep both my citizenships indefinitely, and that’s my plan. I will never give up my American citizenship.

      My home country has pretty good tax treaties with US to avoid double taxation (just like about any other country in the world), so you end up paying just the higher of the two taxes owed, not both.

      I have properties and assets in my home country and have been doing that for 15 years now, and never I had to pay twice, when I file my 1040 I always take advantage of the foreign tax credit for the taxes paid to my home country and boom - done, the tax credit lowers my US taxes by the same amount dollar for dollar, so I end up paying taxes once. The situation won’t change if I move.
      Sep 18
    • New RXDe10
      OP
      But that is not true in my case! US taxes are cheaper than my home country. No European country has things like long term capital gain or qualified dividend.

      Dividend taxes that I will have to pay to my own country when I move will be higher than dividend taxes owed to the irs, so as a result I won’t pay a single dime in dividend taxes to the US.

      Taxes in Europe are much higher than US on average. I’m not moving or retiring to a tax haven, that’s not my plan.

      And tax treaties do not allow me to not file twice. I still have to file twice, and have been doing so for 15 years as advised by my experienced tax accountant. The purpose of tax treaties is to make sure that you don’t pay taxes twice. US recognizes that I already paid a portion of the taxes I owed to the IRS to the home country (and viceversa), via FEIE and FTC.

      Again I’ve been doing this for a long time, my accountant is specialized in eu-us taxation, so I know what I’m doing.

      And renouncing the green card is not as easy as you say, there’s the whole exit tax problem so it’s not too different from citizenship.
      Sep 18
    • Microsoft / Eng brane
      😂😂😂
      Sep 18
    • New RXDe10
      OP
      I just hate people who like to disseminate fear on Blind and assume ignorance of somebody and go as far as saying that I should have studied harder before taking a decision as solemn as pursuing American citizenship, rather than share with me this moment of happiness.

      I am very well informed of FEIE and FTC, and as long as you are mildly careful as to what your remote assets are, so that you don’t fall under PFIC taxation (which means owning US-domiciled investment funds), I’ve always been able to pay taxes to my home country and get a full credit dollar for dollar.
      Sep 18
    • Amazon / Eng TCorGTfi
      You guys are delusional. Having US Citizenship IS a liability if you plan to live abroad. Here's why:

      While you think that a tax treaty provides coverage against double taxation, it is not true. Every US tax treaty has a saving clause negating the benefits to US Citizens if the IRS wants it.

      Double taxation occurs when the IRS does not recognize the income tax nature of a foreign tax. This happens a lot in Europe because of mandatory social contributions not allowing a foreign tax credits.

      If you live abroad you will not be able to invest in most of the tax advantaged accounts in your country of residence. This is due to the more than harsh tax treatment of PFICs.

      A handful of US tax treaties recognize the tax free nature of Roth IRA (Belgium, UK...). This is because the roth ira is newer than the UN tax treaty model. In this case your roth ira will be taxed as income in your country of residence.

      Noone recognizes the tax deferred nature of 529s, HSAs etc.

      You can only chose between the FTC and FEIE. Careful if you make FTC election you have to live with it for a certain number of years.

      You won't have access to bank accounts most of the time because of Fatca.

      Foreign property capital gains in foreign currency will be deemed US capital gains because of the shadow earnings due to fx conversions.

      The exit tax only applies to covered expatriates. Make sure you understand how to trigger the status.

      In Practice, the US does not allow dual citizenship as being a US Citizen precedes other citizenship due to citizenship based taxation and Fatca (see how the CRA in Canada does not care about Canadian citizens privacy and shares data with the irs).

      Anyway it is a complicated subject with no one size fits all answer. Just going and saying yeah its OK I'm covered by a tax treaty is naive at best. There has been cases of tax treaties not followed by brokers etc, and double taxation especially in Western Europe
      Sep 18
  • Apple toplad
    What nationality are you?
    Sep 18 12
    • New RXDe10
      OP
      Don’t get the joke
      Sep 18
    • Thermo Fisher xhOa41
      He is referring to the orange monkey trying to buy Greenland
      Sep 18
    • omg, @yelpparty shut your shithole up, please. The real shithole here is US, with its broken healthcare system, same-boring-architecture in every city, terrible transportation and the list goes on. It's just historically happened to be so that all the major corps are here, which is quite sad. US is only a good place to make money, but even this fact is arguable considering real estate market.
      Sep 18
    • Yelp / Eng yelpparty
      @xhOa41 hey calling trump "an orange monkey" is an insult to orang utans!
      Sep 18
    • Yelp / Eng yelpparty
      @username no the US is also a good place to buy guns; and regarding the Spanish, they only do siesta all day.
      Sep 18
  • Twitter jkkugdyh
    Little know secret - but once you get a passport, you can use the number on the back to call in an air strike
    Sep 18 1
    • New RXDe10
      OP
      Haha good to know. Passport should be coming in a couple weeks, already applied for it.
      Sep 18
  • New rich101
    Now apply for OCI.
    Sep 18 8
    • New RXDe10
      OP
      Lol I’m not Indian, why the assumption?
      Sep 18
    • New rich101
      Took you 15 years to get Citizenship. Mostly Indians fall in the long wait category.
      Sep 18
    • New RXDe10
      OP
      I thought for Indians it was longer than that on average? My timeline was ~2 years on H1B, then employer applied for GC and processing took ~3 years, then I had my GC for ~7 years, and it took 2 years for citizenship process.
      Sep 18
    • priceline.com / IT top_phodu
      Nah...check yourself again and confirm. Ur definitely an India
      Sep 18
    • Google / Eng hooli.xyz
      China, Mexico, and Philippines have long queues as well.
      Sep 18
  • New rich101
    As an US Citizen, you are required to do the following:
    1. Figure out ways to avoid jury duty
    2. Have reasons why you did not vote
    3. Claim that the last batch of good immigrants came in your boat
    4. Get off my lawn kids.
    Sep 18 0
  • Cisco / Eng
    x x

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    Amazon
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    I am pretty sure op is not Indian for Indians 30-40 years wait
    Sep 18 0
  • Microsoft rubaduba
    Wow only 15 years?? Damn.
    Sep 18 0
  • Intuitive Surgical keh-k-leta
    Ok ill fly peacock
    Sep 19 0
  • SAP / HR
    pathshala

    SAP HR

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    Hyosung, Allen & Gerritsen
    pathshalamore
    So now if people ask you , where you're from ? How are you going to answer it ?
    Sep 19 0
  • VMware / Eng anonym🌴🌱
    Congratulations OP now can you please answer one question honestly -
    Will you support HR 1044?
    Sep 18 0
  • Real Networks LSA7
    congrats !
    Sep 18 0
  • Robinhood cornuni
    Congrats OP!!! 🎉🍾
    Sep 18 0
  • Taylor Farms azerty_
    OP, congratulations!!!
    I am on the same path - can I DM you with a few questions?
    Sep 18 0
  • Cisco / Eng
    x x

    Cisco Eng

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    Congratulations !!!
    Sep 18 0
  • New / Eng sbrubles
    Congrats!
    Sep 18 0